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Berry Corp. is considering an investment with an initial cost of $335,000.Assume straight line depreciation with no salvage value is appropriate.The investment is expected to
Berry Corp. is considering an investment with an initial cost of $335,000.Assume straight line depreciation with no salvage value is appropriate.The investment is expected to generate cash revenues of $220,000 and incur cash costs of $102,000 each year for the next four years.Assume straight line depreciation with no salvage value is appropriate.What is the investment's annual rate of return?
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